The Reserve Bank of India imposed a Rs 66.7 lakh penalty on both institutions for regulatory violations, including excess interest charges and delayed risk reviews.
The action underlines RBI's commitment to ensuring fair lending practices
Jul 04, 2026
12:24 pm
What's the storyThe Reserve Bank of India (RBI) has slapped a hefty fine on Bank of Baroda and GIC Housing Finance for regulatory violations.
The public sector lender has been fined ₹63.6 lakh for charging excess interest and delaying KYC record uploads.
RBI imposes Rs 66.7 lakh penalty on Bank of Baroda, GIC Housing Finance
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